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Mingo County Education

Williamson, WV · Charter 22678

NCUA · 1 branch

Q3 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2022, the quarter ended September 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Mingo County Education

Williamson, WV · Charter 22678

NCUA · 1 branch

Q3 2022

$2.7MAssets
$2.6MLoans
$2.2MShares
$456KNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 1.30%, down 353 bps year over year; NIM at 4.78%.
  • Asset quality: problem loans at 64.93% of loans (+6,147 bps YoY).
  • Capital: net worth / assets of 16.75%, down 2 bps from a year ago.
  • Funding: loans stand at 117.32% of shares as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

1.30%-353 bps YoY

Net Interest Margin (YTD, annualized)

4.78%-265 bps YoY

Efficiency Ratio (YTD, annualized)

73.08%+3,716 bps YoY

Net Worth / Assets

16.75%-2 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets4.83%2.81%0.69%1.91%1.30%-353 bps
Return on Equity28.78%16.13%4.11%11.26%7.73%-2,105 bps
Net Interest Margin7.42%8.15%5.78%5.50%4.78%-265 bps
Efficiency Ratio35.92%41.60%88.21%65.53%73.08%+3,716 bps
Growth
Asset Growth (YoY)11.76%-1.89%-6.18%-4.78%-0.61%-1,237 bps
Loan Growth (YoY)9.55%2.43%0.26%4.06%7.12%-242 bps
Share Growth (YoY)14.49%-6.69%-10.99%-10.26%-1.97%-1,646 bps
Asset Quality
Delinquent Loans / Loans3.45%3.25%3.38%3.30%64.93%+6,147 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.23%4.24%4.37%4.35%4.00%+177 bps
Capital
Risk-Based Capital16.77%17.43%16.77%16.99%16.75%-2 bps
Net Worth / Assets16.77%17.43%16.77%16.99%16.75%-2 bps
Liquidity & Funding
Loans / Shares107.37%125.89%114.91%112.66%117.32%+996 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps